
                                        UNITED STATES
                           SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C.  20549


                                        FORM 8-K


                     Current Report Pursuant To Section 13 or 15(d) of
                            the Securities Exchange Act of 1934

           Date of Report (Date of earliest event reported):  August 25, 2005
                          (Date of earliest event reported)

           Financial Asset Securities Corporation (as Depositor under the
               Pooling and Servicing Agreement, dated as February 1, 2005,
               providing for the issuance of Soundview Home Loan Trust
         Series 2005-1 Asset-Backed Pass-Through Certificates, Series 2005-1)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121661-03                          06-1442101
          (Commission File Number)        (I.R.S. Employer Identification No.)


               600 Steamboat Road
               Greenwich, Connecticut                    06830
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (203) 625-2700


(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     August 25, 2005.

                                    Signatures

               Pursuant to the requirements of the Securities Exchange Act of
          1934, the Registrant has duly caused this report to be signed on its
          behalf by the undersigned, hereunto duly authorized.


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Financial Asset Securities
                                  Corp, Registrant


          Date:  Aug 26, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of August 25, 2005.



Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Greenwich Capital Markets
										2. Collection Account Report					6

										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12

										6. REO Report					15

										7. Foreclosure Report					16
										8. Prepayment Report					18
										9. Prepayment Detail Report					21

										10. Realized Loss Report					25
										11. Realized Loss Detail Report					28
				Servicer(s)
										12. Triggers and Adj. Cert. Report					29
				Select Portfolio Servicing, LP
										13. Additional Certificate Report					30



				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					30


				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Eiko Akiyama
				Close Date:			February 28, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6328

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			July 29, 2005
										Main Phone Number:			(714) 247-6000

							August 24, 2005


										https://www.tss.db.com/invr






Page 1 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC III
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal

Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

I-A1	SR	$	241,800,000.00		197,658,857.53		636,571.33		11,853,799.66		12,490,370.99		0.00		0.00		185,805,057.87

I-A2	SR	$	60,427,000.00		49,395,913.08		161,634.40		2,962,322.38		3,123,956.78		0.00		0.00		46,433,590.70
II-A1	SR	$	123,000,000.00		80,043,013.35		246,754.82		10,664,708.44		10,911,463.26		0.00		0.00		69,378,304.91
II-A2	SR	$	127,000,000.00		127,000,000.00		406,823.33		0.00		406,823.33		0.00		0.00		127,000,000.00
II-A3	SR	$	32,440,000.00		32,440,000.00		107,547.61		0.00		107,547.61		0.00		0.00		32,440,000.00
M-1	MEZ,FLT	$	38,900,000.00		38,900,000.00		131,644.08		0.00		131,644.08		0.00		0.00		38,900,000.00
M-2	MEZ,FLT	$	25,285,000.00		25,285,000.00		86,221.85		0.00		86,221.85		0.00		0.00		25,285,000.00
M-3	MEZ,FLT	$	22,562,000.00		22,562,000.00		77,519.27		0.00		77,519.27		0.00		0.00		22,562,000.00
M-4	MEZ,FLT	$	19,450,000.00		19,450,000.00		70,176.68		0.00		70,176.68		0.00		0.00		19,450,000.00
M-5	MEZ,FLT	$	12,059,000.00		12,059,000.00		44,028.75		0.00		44,028.75		0.00		0.00		12,059,000.00
M-6	MEZ,FLT	$	10,892,000.00		10,892,000.00		44,645.10		0.00		44,645.10		0.00		0.00		10,892,000.00
M-7	MEZ,FLT	$	10,892,000.00		10,892,000.00		45,583.02		0.00		45,583.02		0.00		0.00		10,892,000.00
M-8	MEZ,FLT	$	7,391,000.00		7,391,000.00		31,249.56		0.00		31,249.56		0.00		0.00		7,391,000.00
M-9	MEZ,FLT	$	7,780,000.00		7,780,000.00		37,248.91		0.00		37,248.91		0.00		0.00		7,780,000.00
B-1	SUB, FLT	$	11,670,000.00		11,670,000.00		67,429.91		0.00		67,429.91		0.00		0.00		11,670,000.00
B-2	SUB, FLT	$	8,947,000.00		8,947,000.00		51,696.26		0.00		51,696.26		0.00		0.00		8,947,000.00
B-3	SUB, FLT	$	7,780,000.00		7,780,000.00		44,953.27		0.00		44,953.27		0.00		0.00		7,780,000.00
C	EXE	$	9,725,362.02		9,725,005.78		1,563,682.23		0.00		1,563,682.23		0.00		0.00		9,725,005.78
P	R	$	100.00		100.00		525,670.41		0.00		525,670.41		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			778,000,462.02		679,870,889.74		4,381,080.79		25,480,830.48		29,861,911.27		0.00		0.00		654,390,059.26






Page 2 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current

	Period		Period						(with Notional)		Principal						Total	Principal

Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
I-A1	07/25/05		08/24/05		A-Act/360		83611MCG1		241,800,000.00		817.447715		2.632636		49.023158		51.655794	768.424557
I-A2	07/25/05		08/24/05		A-Act/360		83611MCH9		60,427,000.00		817.447715		2.674871		49.023158		51.698029	768.424557
II-A1	07/25/05		08/24/05		A-Act/360		83611MCJ5		123,000,000.00		650.756206		2.006137		86.704947		88.711083	564.051259
II-A2	07/25/05		08/24/05		A-Act/360		83611MCK2		127,000,000.00		1,000.000000		3.203333		0.000000		3.203333	1,000.000000
II-A3	07/25/05		08/24/05		A-Act/360		83611MCL0		32,440,000.00		1,000.000000		3.315278		0.000000		3.315278	1,000.000000
M-1	07/25/05		08/24/05		A-Act/360		83611MCM8		38,900,000.00		1,000.000000		3.384167		0.000000		3.384167	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		83611MCN6		25,285,000.00		1,000.000000		3.410000		0.000000		3.410000	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		83611MCP1		22,562,000.00		1,000.000000		3.435833		0.000000		3.435833	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		83611MCQ9		19,450,000.00		1,000.000000		3.608056		0.000000		3.608056	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		83611MCR7		12,059,000.00		1,000.000000		3.651111		0.000000		3.651111	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		83611MCS5		10,892,000.00		1,000.000000		4.098889		0.000000		4.098889	1,000.000000
M-7	07/25/05		08/24/05		A-Act/360		83611MCT3		10,892,000.00		1,000.000000		4.185000		0.000000		4.185000	1,000.000000
M-8	07/25/05		08/24/05		A-Act/360		83611MCU0		7,391,000.00		1,000.000000		4.228056		0.000000		4.228056	1,000.000000
M-9	07/25/05		08/24/05		A-Act/360		83611MCV8		7,780,000.00		1,000.000000		4.787778		0.000000		4.787778	1,000.000000
B-1	07/25/05		08/24/05		A-Act/360		83611MCW6		11,670,000.00		1,000.000000		5.778056		0.000000		5.778056	1,000.000000
B-2	07/25/05		08/24/05		A-Act/360		83611MCX4		8,947,000.00		1,000.000000		5.778055		0.000000		5.778055	1,000.000000
B-3	07/25/05		08/24/05		A-Act/360		83611MCY2		7,780,000.00		1,000.000000		5.778055		0.000000		5.778055	1,000.000000
C	07/25/05		08/24/05		GC05S1101		9,725,362.02		999.963370		160.783961		0.000000		160.783961		999.963370
P	07/25/05		08/24/05		GC05S1102		100.00		1,000.000000		5,256,704.100000		0.000000		5,256,704.100000		1,000.000000
R	07/25/05		08/24/05		GC05S1103		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-X	07/25/05		08/24/05		GC05S1104		0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

Distribution to Date - REMIC III
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
I-A1	241,800,000.00		3,643,867.42		54,814,333.33		1,180,608.80		55,994,942.13		59,638,809.55		0.00		0.00		185,805,057.87
I-A2	60,427,000.00		926,984.27		13,698,369.40		295,039.90		13,993,409.30		14,920,393.57		0.00		0.00		46,433,590.70
II-A1	123,000,000.00		1,654,214.88		52,559,048.16		1,062,646.93		53,621,695.09		55,275,909.97		0.00		0.00		69,378,304.91
II-A2	127,000,000.00		2,095,544.58		0.00		0.00		0.00		2,095,544.58		0.00		0.00		127,000,000.00
II-A3	32,440,000.00		556,123.10		0.00		0.00		0.00		556,123.10		0.00		0.00		32,440,000.00
M-1	38,900,000.00		682,254.83		0.00		0.00		0.00		682,254.83		0.00		0.00		38,900,000.00
M-2	25,285,000.00		447,216.24		0.00		0.00		0.00		447,216.24		0.00		0.00		25,285,000.00
M-3	22,562,000.00		402,401.19		0.00		0.00		0.00		402,401.19		0.00		0.00		22,562,000.00
M-4	19,450,000.00		366,131.47		0.00		0.00		0.00		366,131.47		0.00		0.00		19,450,000.00
M-5	12,059,000.00		229,982.75		0.00		0.00		0.00		229,982.75		0.00		0.00		12,059,000.00
M-6	10,892,000.00		235,730.91		0.00		0.00		0.00		235,730.91		0.00		0.00		10,892,000.00
M-7	10,892,000.00		241,116.40		0.00		0.00		0.00		241,116.40		0.00		0.00		10,892,000.00
M-8	7,391,000.00		165,441.92		0.00		0.00		0.00		165,441.92		0.00		0.00		7,391,000.00
M-9	7,780,000.00		199,153.44		0.00		0.00		0.00		199,153.44		0.00		0.00		7,780,000.00
B-1	11,670,000.00		365,087.09		0.00		0.00		0.00		365,087.09		0.00		0.00		11,670,000.00
B-2	8,947,000.00		279,900.10		0.00		0.00		0.00		279,900.10		0.00		0.00		8,947,000.00
B-3	7,780,000.00		243,391.38		0.00		0.00		0.00		243,391.38		0.00		0.00		7,780,000.00
C	9,725,362.02		10,846,679.51		331.81		24.43		356.24		10,847,035.75		0.00		0.00		9,725,005.78
P	100.00		2,317,759.79		0.00		0.00		0.00		2,317,759.79		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	778,000,462.02		25,898,981.27		121,072,082.70		2,538,320.06		123,610,402.76		149,509,384.03		0.00		0.00		654,390,059.26



Page 4 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

Interest Detail - REMIC III
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current


	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
I-A1	3.74000%		197,658,857.53		636,571.33		0.00		0.00		0.00		636,571.33		636,571.33		0.00
I-A2	3.80000%		49,395,913.08		161,634.40		0.00		0.00		0.00		161,634.40		161,634.40		0.00
II-A1	3.58000%		80,043,013.35		246,754.82		0.00		0.00		0.00		246,754.82		246,754.82		0.00
II-A2	3.72000%		127,000,000.00		406,823.33		0.00		0.00		0.00		406,823.33		406,823.33		0.00
II-A3	3.85000%		32,440,000.00		107,547.61		0.00		0.00		0.00		107,547.61		107,547.61		0.00
M-1	3.93000%		38,900,000.00		131,644.08		0.00		0.00		0.00		131,644.08		131,644.08		0.00
M-2	3.96000%		25,285,000.00		86,221.85		0.00		0.00		0.00		86,221.85		86,221.85		0.00
M-3	3.99000%		22,562,000.00		77,519.27		0.00		0.00		0.00		77,519.27		77,519.27		0.00
M-4	4.19000%		19,450,000.00		70,176.68		0.00		0.00		0.00		70,176.68		70,176.68		0.00
M-5	4.24000%		12,059,000.00		44,028.75		0.00		0.00		0.00		44,028.75		44,028.75		0.00
M-6	4.76000%		10,892,000.00		44,645.10		0.00		0.00		0.00		44,645.10		44,645.10		0.00
M-7	4.86000%		10,892,000.00		45,583.02		0.00		0.00		0.00		45,583.02		45,583.02		0.00
M-8	4.91000%		7,391,000.00		31,249.56		0.00		0.00		0.00		31,249.56		31,249.56		0.00
M-9	5.56000%		7,780,000.00		37,248.91		0.00		0.00		0.00		37,248.91		37,248.91		0.00
B-1	6.59263%		11,670,000.00		66,250.43		0.00		0.00		0.00		66,250.43		67,429.91		0.00
B-2	6.59263%		8,947,000.00		50,791.99		0.00		0.00		0.00		50,791.99		51,696.26		0.00
B-3	6.59263%		7,780,000.00		44,166.95		0.00		0.00		0.00		44,166.95		44,953.27		0.00
C	192.94782%		9,725,005.78		1,563,682.23		0.00		0.00		0.00		1,563,682.23		1,563,682.23		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		525,670.41		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-X	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			679,870,889.74		3,852,540.31		0.00		0.00		0.00		3,852,540.31		#######		0.00



Page 5 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										10,662,947.62		14,813,675.78		25,476,623.40
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										10,662,947.62		14,813,675.78		25,476,623.40
Interest Collections										1,902,601.30		1,997,101.86		3,899,703.16
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		525,670.41
Interest Fees										-20,359.11		-21,173.88		-40,085.69
TOTAL NET INTEREST										1,882,242.19		1,975,927.98		4,385,287.88
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										12,545,189.81		16,789,603.76		29,861,911.28



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											159,966.56		256,797.75		416,764.31
Curtailments											23,183.09		12,595.63		35,778.72
Prepayments In Full											10,479,797.97		14,272,991.70		24,752,789.67
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		275,497.78		275,497.78
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-144,504.93		-232,544.95		-377,049.88
Realized Losses											-0.00		-4,207.08		-4,207.08
Advanced Principal											144,504.93		232,544.95		377,049.88
TOTAL PRINCIPAL COLLECTED											10,662,947.62		14,813,675.78		25,476,623.40


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

										Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS										0.00		0.00		0.00





Page 6 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										2,023,987.60		2,123,236.78		4,147,224.38
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		1,917.01		1,917.01
Other Additional Interest										(1,049.40)		(2,506.70)		(3,556.10)
Prepayment Interest Shortfalls										-3,833.81		-6,090.69		-9,924.50
Delinquent Interest										-1,758,372.99		-1,848,750.38		-3,607,123.37
Compensating Interest										3,833.81		6,090.69		9,924.50
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										1,638,036.10		1,723,205.15		3,361,241.25
TOTAL INTEREST COLLECTED										1,902,601.30		1,997,101.86		3,899,703.16


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														525,670.41
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		525,670.41



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										18,360.17		19,037.25		37,397.42
Trustee Fees										832.18		867.49		1,699.67
Current Custodian Fees										484.03		504.57		988.60
TOTAL INTEREST FEES										20,359.11		21,173.88		40,085.69
Current Custodian Fees Rate														0.00174492%




Page 7 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Credit Enhancement Report

ACCOUNTS


Net WAC Rate Carryover Reserve Account

Begining Balance						0.00
Amount Deposited						2,870.07
Amount Withdrawn						2,870.07
Ending Balance						0.00




INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Overcollateralization Target Amount														9,725,005.78
Overcollateralization Amount														9,720,798.70
Excess Overcollateralized Amount														0.00
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														4,207.08
Extra Principal distribution Amount														4,207.08



Page 8 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,574		1,592		3,166
Prior										2,176		2,185		4,361
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-52		-75		-127
Repurchases										-0		-0		-0
Liquidations										-0		-1		-1
Current										2,124		2,109		4,233
Principal Balance:


Original										238,490,029.61		272,231,107.09		510,721,136.70
Prior										332,872,943.50		346,997,946.24		679,870,889.74
Prefunding										0.00		0.00		0.00
Scheduled Principal										-159,966.56		-256,797.75		-416,764.31
Partial Prepayments										-23,183.09		-12,595.63		-35,778.72
Full Voluntary Prepayments										-10,479,797.97		-14,272,991.70		-24,752,789.67
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-275,497.78		-275,497.78
Current										322,209,995.88		332,180,063.38		654,390,059.26





PREFUNDING

										Group 2		Group 1		Total
Prefunding Account Original Balance										137,345,173.98		129,934,151.34		267,279,325.32
Prefunding Account Beginning Balance										0.00		0.00		0.00
Subsequent Loans Added to the Pool										0.00		0.00		0.00
Prefund Release to Certificate Holders										0.00		0.00		0.00
Prefunding Account Ending Balance										0.00		0.00		0.00





Page 9 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.31388%		7.36285%		7.33998%
Weighted Average Coupon Prior										7.29423%		7.35515%		7.32521%
Weighted Average Coupon Current										7.29643%		7.34928%		7.32340%
Weighted Average Months to Maturity Original										341		352		347
Weighted Average Months to Maturity Prior										333		346		340
Weighted Average Months to Maturity Current										332		345		338
Weighted Avg Remaining Amortization Term Original										341		352		347
Weighted Avg Remaining Amortization Term Prior										333		346		340
Weighted Avg Remaining Amortization Term Current										332		345		338
Weighted Average Seasoning Original										4.63		5.10		4.88
Weighted Average Seasoning Prior										7.38		7.79		7.59
Weighted Average Seasoning Current										8.39		8.77		8.58









Page 10 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										5.79759%		5.92838%		5.86993%
Weighted Average Margin Prior										5.87445%		5.98088%		5.93044%
Weighted Average Margin Current										5.87489%		5.97919%		5.92999%
Weighted Average Max Rate Original										13.39514%		13.87611%		13.66117%
Weighted Average Max Rate Prior										13.41943%		13.62400%		13.52704%
Weighted Average Max Rate Current										13.41774%		13.61555%		13.52224%
Weighted Average Min Rate Original										6.50114%		7.34830%		6.96972%
Weighted Average Min Rate Prior										6.56278%		7.27337%		6.93658%
Weighted Average Min Rate Current										6.55486%		7.26568%		6.93037%
Weighted Average Cap Up Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Up Prior										1.08608%		1.16474%		1.12746%
Weighted Average Cap Up Current										1.08679%		1.16440%		1.12779%
Weighted Average Cap Down Original										1.14437%		1.24939%		1.20246%
Weighted Average Cap Down Prior										1.08608%		1.16474%		1.12746%
Weighted Average Cap Down Current										1.08679%		1.16440%		1.12779%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										18,360.17		19,037.25		37,397.42
Delinquent Servicing Fees										120,336.89		125,545.24		245,882.13
TOTAL SERVICING FEES										138,697.06		144,582.48		283,279.54


Total Servicing Fees										138,697.06		144,582.48		283,279.54
Compensating Interest										-3,833.81		-6,090.69		-9,924.50
Delinquent Servicing Fees										-120,336.89		-125,545.24		-245,882.13
COLLECTED SERVICING FEES										14,526.37		12,946.56		27,472.92


Total Advaced Interest										1,638,036.10		1,723,205.15		3,361,241.25
Total Advaced Principal										144,504.93		232,544.95		377,049.88
Aggregate Advances with respect to this Distribution										404,796.41		252,564.55		657,360.96





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										3,833.81		6,090.69		9,924.50
Compensating Interest										-3,833.81		-6,090.69		-9,924.50
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Weighted Average Net Mortgage Rate														7.740213%

Libor For Current Period														3.460000%

Libor For Next Period														3.641250%



Page 11 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				19,501,147.02		9,988,805.00		12,338,012.34		41,827,964.36
			% Balance				2.98%		1.53%		1.89%		6.39%
			# Loans				133		58		70		261
			% # Loans				3.14%		1.37%		1.65%		6.17%
	FORECLOSURE		Balance		0.00		0.00		0.00		8,935,591.07		8,935,591.07
			% Balance		0.00%		0.00%		0.00%		1.37%		1.37%
			# Loans		0		0		0		55		55
			% # Loans		0.00%		0.00%		0.00%		1.30%		1.30%
	BANKRUPTCY		Balance		1,815,823.62		226,148.10		66,583.69		1,179,563.80		3,288,119.21
			% Balance		0.28%		0.03%		0.01%		0.18%		0.50%
			# Loans		15		2		1		9		27
			% # Loans		0.35%		0.05%		0.02%		0.21%		0.64%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		1,815,823.62		19,727,295.12		10,055,388.69		22,453,167.21		54,051,674.64
			% Balance		0.28%		3.01%		1.54%		3.43%		8.26%
			# Loans		15		135		59		134		343
			% # Loans		0.35%		3.19%		1.39%		3.17%		8.10%









Page 12 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,409,618.59		4,388,120.21		5,161,208.11		20,958,946.91
			% Balance				3.43%		1.32%		1.55%		6.31%
			# Loans				72		29		30		131
			% # Loans				3.41%		1.38%		1.42%		6.21%
	FORECLOSURE		Balance		0.00		0.00		0.00		5,900,326.93		5,900,326.93
			% Balance		0.00%		0.00%		0.00%		1.78%		1.78%
			# Loans		0		0		0		35		35
			% # Loans		0.00%		0.00%		0.00%		1.66%		1.66%
	BANKRUPTCY		Balance		1,480,415.78		0.00		66,583.69		861,512.82		2,408,512.29
			% Balance		0.45%		0.00%		0.02%		0.26%		0.73%
			# Loans		11		0		1		6		18
			% # Loans		0.52%		0.00%		0.05%		0.28%		0.85%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		1,480,415.78		11,409,618.59		4,454,703.90		11,923,047.86		29,267,786.13
			% Balance		0.45%		3.43%		1.34%		3.59%		8.81%
			# Loans		11		72		30		71		184
			% # Loans		0.52%		3.41%		1.42%		3.37%		8.72%










Page 13 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,091,528.43		5,600,684.79		7,176,804.23		20,869,017.45
			% Balance				2.51%		1.74%		2.23%		6.48%
			# Loans				61		29		40		130
			% # Loans				2.87%		1.37%		1.88%		6.12%
	FORECLOSURE		Balance		0.00		0.00		0.00		3,035,264.14		3,035,264.14
			% Balance		0.00%		0.00%		0.00%		0.94%		0.94%
			# Loans		0		0		0		20		20
			% # Loans		0.00%		0.00%		0.00%		0.94%		0.94%
	BANKRUPTCY		Balance		335,407.84		226,148.10		0.00		318,050.98		879,606.92
			% Balance		0.10%		0.07%		0.00%		0.10%		0.27%
			# Loans		4		2		0		3		9
			% # Loans		0.19%		0.09%		0.00%		0.14%		0.42%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		335,407.84		8,317,676.53		5,600,684.79		10,530,119.35		24,783,888.51
			% Balance		0.10%		2.58%		1.74%		3.27%		7.69%
			# Loans		4		63		29		63		159
			% # Loans		0.19%		2.97%		1.37%		2.97%		7.49%









Page 14 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL


Page 15 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
60922614 1
			166,500.00		165,097.40		01-Mar-2005		7.500%		CO - 90.00%		360		01-Oct-2004

61293619 1			139,400.00		138,335.82		01-Feb-2005		8.000%		GA - 89.94%		360		01-Oct-2004
61353496 1			118,000.00		117,323.21		01-Feb-2005		9.850%		TX - 100.00%		360		01-Sep-2004
61414538 1			77,400.00		76,907.13		01-Feb-2005		8.900%		OH - 90.00%		360		01-Oct-2004
61427456 1			72,900.00		72,309.60		01-Feb-2005		7.700%		OH - 90.00%		360		#######
61919791 1			113,000.00		112,021.04		01-Mar-2005		6.850%		CT - 86.92%		360		01-Nov-2004
62082417 1			287,200.00		285,092.22		01-Mar-2005		7.700%		NJ - 80.00%		360		01-Nov-2004
62156294 1			356,250.00		353,964.82		01-Feb-2005		8.375%		NY - 95.00%		360		01-Nov-2004
62438775 1			114,750.00		114,079.63		01-Mar-2005		8.300%		NV - 85.00%		360		01-Dec-2004
62452156 1			71,100.00		70,733.73		01-Feb-2005		9.450%		FL - 90.00%		360		01-Nov-2004
62565916 1			50,400.00		50,081.09		01-Feb-2005		7.900%		IL - 90.00%		360		01-Dec-2004
62593710 1			450,000.00		446,762.23		01-Jan-2005		7.800%		NY - 90.00%		360		01-Nov-2004
63112635 1			316,350.00		314,371.26		01-Feb-2005		8.500%		IL - 95.00%		360		01-Nov-2004
63276638 1			87,000.00		86,193.53		01-Feb-2005		7.400%		AZ - 72.50%		360		01-Nov-2004
63738991 1			106,250.00		105,774.44		01-Feb-2005		9.600%		MI - 85.00%		360		01-Dec-2004
63860357 1			166,250.00		165,134.25		01-Jan-2005		8.150%		FL - 95.00%		360		01-Nov-2004
64275076 1			99,000.00		98,152.93		01-Feb-2005		6.350%		KY - 86.84%		360		01-Dec-2004
64371792 1			294,500.00		292,797.23		01-Feb-2005		8.350%		GA - 95.00%		360		01-Dec-2004
64395676 1			333,000.00		330,850.69		01-Feb-2005		7.800%		MN - 90.00%		360		01-Dec-2004
64699879 1			53,105.00		52,857.21		01-Feb-2005		9.400%		PA - 95.00%		360		01-Dec-2004
91420505 1			60,000.00		59,718.50		01-Feb-2005		9.900%		CA - 28.85%		360		01-Nov-2004
407271382 1			196,000.00		194,500.84		01-Feb-2005		7.490%		NY - 80.00%		360		01-Nov-2004
408027717 1			51,000.00		50,711.16		01-Feb-2005		8.990%		NV - 46.36%		360		01-Nov-2004
408175500 1			72,250.00		71,698.39		01-Feb-2005		7.500%		OK - 85.00%		360		01-Nov-2004
408242492 1			128,000.00		126,753.02		01-Mar-2005		6.750%		GA - 80.00%		360		01-Oct-2004
408242730 1			279,000.00		276,763.33		01-Mar-2005		7.250%		IL - 90.00%		360		01-Nov-2004
408254435 1			148,000.00		146,870.18		01-Feb-2005		7.500%		TX - 80.00%		360		01-Nov-2004
408254666 1			78,000.00		77,581.29		01-Feb-2005		9.250%		TX - 65.00%		360		01-Nov-2004
408266695 1			182,000.00		180,465.41		01-Feb-2005		6.990%		IL - 80.00%		360		01-Nov-2004
408266980 1			300,000.00		298,168.47		01-Dec-2004		8.620%		NY - 60.00%		360		01-Nov-2004
408277880 1			340,000.00		337,133.15		01-Feb-2005		6.990%		NY - 80.00%		360		01-Nov-2004
408278687 1			195,000.00		190,221.34		01-Feb-2005		10.250%		NV - 59.09%		180		01-Nov-2004
409135320 1			124,000.00		123,053.38		01-Mar-2005		7.500%		GA - 80.00%		360		01-Nov-2004
409169662 1			148,000.00		147,162.01		01-Feb-2005		8.990%		RI - 80.00%		360		01-Nov-2004
409203075 1			172,000.00		170,687.00		01-Mar-2005		7.500%		IL - 80.00%		360		01-Nov-2004
11047117 2			150,000.00		149,508.26		01-Jan-2005		10.500%		TX - 100.00%		180		01-Nov-2004
11052483 2			98,400.00		98,053.44		01-Feb-2005		11.250%		TX - 100.00%		180		01-Nov-2004
11066676 2			38,000.00		37,870.03		01-Mar-2005		10.875%		CA - 100.00%		180		01-Dec-2004
61451159 2			182,000.00		181,286.47		01-Mar-2005		10.750%		MA - 70.00%		360		01-Nov-2004
61461695 2			89,675.00		88,983.62		01-Mar-2005		7.450%		AL - 85.00%		360		01-Nov-2004
61495776 2			722,500.00		717,352.83		01-Feb-2005		7.850%		NY - 85.00%		360		01-Nov-2004
61500856 2			112,500.00		111,597.72		01-Feb-2005		7.750%		GA - 90.00%		360		01-Oct-2004
62539754 2			484,500.00		481,877.00		01-Feb-2005		8.675%		IL - 95.00%		360		01-Dec-2004
63447312 2			437,000.00		435,212.40		01-Feb-2005		10.550%		AZ - 95.00%		360		01-Nov-2004
63484513 2			98,100.00		97,560.74		01-Feb-2005		8.600%		GA - 90.00%		360		01-Dec-2004
64115033 2			104,500.00		103,700.07		01-Feb-2005		7.500%		MI - 95.00%		360		01-Nov-2004
408106159 2			82,400.00		81,968.86		01-Feb-2005		9.375%		GA - 80.00%		360		01-Nov-2004
409024269 2			119,200.00		119,199.94		01-Jan-2005		6.999%		UT - 80.00%		360		01-Nov-2004
409090630 2			70,000.00		69,604.35		01-Feb-2005		8.999%		GA - 60.87%		360		01-Nov-2004


Page 16 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
9500579223 2
			28,794.28		28,590.37		01-Mar-2005		8.375%		OK - 55.37%		360		01-Oct-2004

9500582870 2			34,800.00		34,536.51		01-Mar-2005		8.200%		MO - 80.00%		360		01-Oct-2004
9500617338 2			40,875.00		40,586.66		01-Feb-2005		7.350%		OK - 75.00%		360		01-Dec-2004
9500623732 2			74,900.00		74,491.66		01-Feb-2005		8.640%		SC - 70.00%		360		01-Dec-2004
9500624284 2			46,000.00		45,270.94		01-Feb-2005		7.850%		OH - 82.14%		360		01-Dec-2004
9500626974 2			38,250.00		38,012.27		01-Feb-2005		7.990%		TN - 85.00%		360		01-Dec-2004


TOTAL			8,997,999.28		8,935,591.07


Page 17 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										52		75		127
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										52		75		127
Curtailments Amount										23,183.09		12,595.63		35,778.72
Paid in Full Balance										10,479,797.97		14,272,991.70		24,752,789.67
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										10,502,981.06		14,285,587.33		24,788,568.39

Cumulative


Number of Paid in Full Loans										265		355		620
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										265		355		620
Paid in Full Balance										52,359,679.66		67,590,199.43		119,949,879.09
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										201,072.93		461,860.40		662,933.33
Total Prepayment Amount										52,560,752.59		68,052,059.83		120,612,812.42










Page 18 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										3.16%		4.20%		3.69%
3 Months Avg SMM										3.45%		3.46%		3.46%
12 Months Avg SMM										2.52%		3.13%		2.83%
Avg SMM Since Cut-off										2.52%		3.13%		2.83%


CPR										31.95%		40.24%		36.30%
3 Months Avg CPR										34.39%		34.49%		34.44%
12 Months Avg CPR										26.37%		31.69%		29.16%
Avg CPR Since Cut-off										26.37%		31.69%		29.16%


PSA										1,904.91%		2,293.33%		2,114.94%
3 Months Avg PSA Approximation										2,329.94%		2,215.20%		2,269.99%
12 Months Avg PSA Approximation										2,164.39%		2,433.02%		2,311.49%
Avg PSA Since Cut-off Approximation										2,164.39%		2,433.02%		2,311.49%










Page 19 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 20 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

11048141 1			20,480.00		20,422.87			02-Aug-2005		11.250%		FL - 100.00%		Paid Off - 180		01-Dec-2004


11053948 2			42,750.00		42,648.45			25-Jul-2005		11.990%		NY - 95.00%		Paid Off - 180		01-Dec-2004

11054001 2			26,000.00		25,914.73			08-Aug-2005		11.875%		MD - 94.20%		Paid Off - 360		01-Nov-2004

11055838 1			240,000.00		240,000.00			27-Jul-2005		5.750%		CA - 60.00%		Paid Off - 360		01-Nov-2004

11055914 1			207,200.00		207,200.00			25-Jul-2005		5.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11063292 2			32,700.00		32,562.42			19-Jul-2005		10.875%		CA - 90.00%		Paid Off - 180		01-Dec-2004

11063404 2			114,000.00		113,583.71			30-Jul-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Dec-2004

11065201 2			399,200.00		399,200.00			30-Jul-2005		5.625%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11065261 2			90,000.00		89,671.35			29-Jul-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Dec-2004

11067920 2			472,000.00		471,576.34			04-Aug-2005		5.250%		MD - 80.00%		Paid Off - 360		01-Dec-2004

11069867 2			83,000.00		82,696.93			05-Aug-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Dec-2004

11071871 2			31,500.00		31,404.69			21-Jul-2005		10.875%		CA - 95.00%		Paid Off - 180		01-Dec-2004

11080375 2			93,747.00		93,404.69			01-Aug-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Dec-2004

59888974 2			109,500.00		108,910.21			28-Jul-2005		8.700%		AZ - 75.00%		Paid Off - 360		01-Nov-2004

60167970 1			95,920.00		95,173.18			19-Jul-2005		7.400%		FL - 80.00%		Paid Off - 360		01-Oct-2004

61060075 1			165,600.00		164,574.55			26-Jul-2005		8.550%		AZ - 90.00%		Paid Off - 360		01-Oct-2004

61089058 1			67,500.00		66,408.02			20-Jul-2005		6.100%		OH - 90.00%		Paid Off - 360		01-Oct-2004

61371118 1			135,000.00		133,807.79			25-Jul-2005		6.750%		NJ - 55.10%		Paid Off - 360		01-Oct-2004

61461034 1			126,000.00		124,921.96			15-Aug-2005		6.350%		CA - 79.25%		Paid Off - 360		01-Nov-2004

61478533 2			185,670.00		184,435.42			30-Jul-2005		7.650%		KY - 90.00%		Paid Off - 360		01-Nov-2004

61521936 1			327,250.00		324,751.86			05-Aug-2005		7.500%		FL - 85.00%		Paid Off - 360		01-Oct-2004

61531158 1			185,000.00		183,211.28			30-Jul-2005		5.700%		CA - 82.04%		Paid Off - 360		01-Nov-2004

61884235 1			418,500.00		414,624.32			02-Aug-2005		7.400%		NJ - 90.00%		Paid Off - 360		01-Oct-2004

61894093 2			150,000.00		149,050.88			08-Aug-2005		7.900%		CA - 60.00%		Paid Off - 360		01-Nov-2004

61920252 2			634,500.00		629,471.23			30-Jul-2005		6.750%		NY - 90.00%		Paid Off - 360		01-Nov-2004

61935813 1			300,000.00		297,734.46			11-Aug-2005		7.000%		NY - 71.43%		Paid Off - 360		01-Nov-2004

61937991 1			247,500.00		246,053.93			15-Aug-2005		8.700%		NY - 90.00%		Paid Off - 360		01-Nov-2004

61955050 1			90,000.00		89,191.18			29-Jul-2005		7.750%		IL - 90.00%		Paid Off - 360		01-Nov-2004

62010897 1			229,500.00		227,624.02			15-Aug-2005		7.150%		CA - 90.00%		Paid Off - 360		01-Oct-2004

62152657 1			73,800.00		73,248.00			19-Jul-2005		7.050%		MO - 90.00%		Paid Off - 360		01-Nov-2004

62175831 1			149,600.00		148,555.60			10-Aug-2005		7.700%		NV - 80.00%		Paid Off - 360		01-Nov-2004

62212758 2			358,000.00		355,135.22			03-Aug-2005		6.700%		CA - 89.50%		Paid Off - 360		01-Nov-2004

62448212 1			315,000.00		312,926.12			10-Aug-2005		7.700%		CA - 90.00%		Paid Off - 360		01-Nov-2004

62731518 1			156,000.00		154,855.75			27-Jul-2005		7.150%		CA - 72.90%		Paid Off - 360		01-Nov-2004

62786918 1			164,000.00		162,794.84			21-Jul-2005		7.150%		IL - 89.13%		Paid Off - 360		01-Nov-2004

62826599 1			232,000.00		230,446.65			02-Aug-2005		7.850%		CA - 80.00%		Paid Off - 360		01-Nov-2004

63051239 1			147,250.00		146,510.91			22-Jul-2005		8.450%		CA - 95.00%		Paid Off - 360		01-Dec-2004



Page 21 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

63058432 2			126,000.00		125,411.03			31-Jul-2005		8.800%		CA - 70.00%		Paid Off - 360		01-Dec-2004


63118996 1			179,455.00		178,555.11			27-Jul-2005		9.050%		FL - 95.00%		Paid Off - 360		01-Nov-2004

63283113 1			303,750.00		300,840.42			03-Aug-2005		5.750%		NJ - 75.00%		Paid Off - 360		01-Nov-2004

63289433 1			256,500.00		254,893.08			03-Aug-2005		7.950%		CA - 90.00%		Paid Off - 360		01-Nov-2004

63302194 2			120,000.00		118,329.70			12-Aug-2005		7.850%		NV - 76.43%		Paid Off - 360		01-Dec-2004

63337596 1			175,000.00		173,741.22			30-Jul-2005		7.250%		CA - 70.00%		Paid Off - 360		01-Nov-2004

63452155 1			73,625.00		73,160.20			11-Aug-2005		7.300%		MI - 95.00%		Paid Off - 360		01-Dec-2004

63531719 2			480,000.00		477,388.13			12-Aug-2005		8.650%		CA - 80.00%		Paid Off - 360		01-Nov-2004

63604078 2			139,920.00		139,224.78			21-Jul-2005		8.500%		PA - 79.55%		Paid Off - 360		01-Dec-2004

64191158 1			164,000.00		163,061.25			30-Jul-2005		8.400%		NV - 84.97%		Paid Off - 360		01-Nov-2004

89867329 1			168,800.00		167,783.91			03-Aug-2005		8.150%		NV - 80.00%		Paid Off - 360		01-Nov-2004

405052570 1			279,603.00		277,825.00			29-Jul-2005		7.875%		CA - 69.11%		Paid Off - 360		01-Nov-2004

406111901 1			192,000.00		190,377.37			29-Jul-2005		7.500%		NJ - 80.00%		Paid Off - 360		01-Sep-2004

407238097 1			185,000.00		183,962.29			26-Jul-2005		8.500%		CA - 49.33%		Paid Off - 360		01-Nov-2004

407271416 1			294,000.00		291,496.53			20-Jul-2005		6.375%		CA - 84.48%		Paid Off - 360		01-Nov-2004

408040289 1			277,798.00		275,570.95			15-Aug-2005		7.250%		CA - 95.00%		Paid Off - 360		01-Oct-2004

408118798 2			118,500.00		117,763.50			03-Aug-2005		7.990%		VA - 62.04%		Paid Off - 360		01-Nov-2004

408120939 2			146,000.00		145,048.21			11-Aug-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004

408129940 1			345,600.00		342,860.91			26-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004

408163896 1			147,000.00		145,887.72			15-Aug-2005		6.990%		CA - 70.00%		Paid Off - 360		01-Nov-2004

408186194 1			92,800.00		91,853.51			15-Aug-2005		8.990%		NV - 80.00%		Paid Off - 360		01-Oct-2004

408198211 2			480,000.00		476,152.03			08-Aug-2005		7.250%		CA - 73.85%		Paid Off - 360		01-Oct-2004

408209744 1			283,500.00		281,726.77			19-Jul-2005		8.500%		CA - 90.00%		Paid Off - 360		01-Oct-2004

408231054 1			200,000.00		198,878.12			15-Aug-2005		8.500%		CA - 64.10%		Paid Off - 360		01-Nov-2004

408231309 1			228,000.00		226,359.46			29-Jul-2005		7.800%		IL - 80.00%		Paid Off - 360		01-Oct-2004

408254347 1			191,840.00		190,752.89			15-Aug-2005		8.450%		NC - 80.00%		Paid Off - 360		01-Nov-2004

408255049 1			207,000.00		205,278.80			28-Jul-2005		6.500%		CA - 63.69%		Paid Off - 360		01-Nov-2004

409013212 2			96,000.00		94,907.98			01-Aug-2005		6.999%		GA - 66.21%		Paid Off - 300		01-Nov-2004

409024515 1			146,200.00		145,195.79			28-Jul-2005		7.490%		IL - 85.00%		Paid Off - 360		01-Nov-2004

409076995 1			65,000.00		64,642.37			21-Jul-2005		8.990%		CA - 19.40%		Paid Off - 360		01-Nov-2004

409088611 1			220,000.00		218,484.64			03-Aug-2005		7.499%		MD - 80.00%		Paid Off - 360		01-Nov-2004

409145480 1			89,250.00		88,728.91			15-Aug-2005		8.500%		WI - 85.00%		Paid Off - 360		01-Nov-2004

409145541 1			350,000.00		349,849.57			04-Aug-2005		7.500%		VA - 80.09%		Paid Off - 360		01-Nov-2004

409145793 1			224,000.00		222,465.79			05-Aug-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004

409160365 1			130,000.00		129,173.26			21-Jul-2005		7.875%		MI - 100.00%		Paid Off - 360		01-Nov-2004

409214020 1			192,000.00		190,388.23			20-Jul-2005		6.450%		MD - 80.00%		Paid Off - 360		01-Nov-2004

409214093 2			372,000.00		368,958.88			26-Jul-2005		6.990%		MD - 80.00%		Paid Off - 360		01-Nov-2004

409215060 1			221,360.00		219,685.07			29-Jul-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004



Page 22 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000268580 1			279,900.00		278,164.11			04-Aug-2005		7.390%		CA - 90.00%		Paid Off - 360		01-Dec-2004


1000334281 2			46,800.00		46,683.92			12-Aug-2005		10.420%		MN - 100.00%		Paid Off - 180		01-Feb-2005

1000358669 1			288,000.00		286,702.16			30-Jul-2005		7.520%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000360752 1			247,500.00		246,252.72			15-Aug-2005		6.950%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000363812 2			360,000.00		358,865.44			01-Aug-2005		8.375%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000365612 1			50,000.00		49,803.39			25-Jul-2005		8.200%		FL - 56.18%		Paid Off - 360		01-Feb-2005

1000366422 1			170,000.00		169,341.94			11-Aug-2005		7.350%		IL - 85.00%		Paid Off - 360		01-Mar-2005

1000377884 1			132,000.00		131,518.59			01-Aug-2005		7.650%		IL - 80.00%		Paid Off - 360		01-Mar-2005

1000377985 2			33,000.00		32,937.00			01-Aug-2005		10.770%		IL - 100.00%		Paid Off - 180		01-Mar-2005

1000378111 1			46,400.00		46,238.52			27-Jul-2005		10.150%		IL - 100.00%		Paid Off - 180		01-Feb-2005

1000384400 1			152,000.00		151,291.91			01-Aug-2005		6.400%		IL - 80.00%		Paid Off - 360		01-Mar-2005

1000387087 1			161,250.00		160,643.57			15-Aug-2005		8.420%		NV - 73.30%		Paid Off - 360		01-Feb-2005

1000387212 1			125,000.00		124,389.21			04-Aug-2005		6.150%		CA - 50.61%		Paid Off - 360		01-Mar-2005

1000389966 1			282,000.00		281,202.81			30-Jul-2005		9.800%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000391442 1			170,000.00		169,245.61			26-Jul-2005		7.700%		MN - 85.00%		Paid Off - 360		01-Feb-2005

1000402298 1			264,000.00		262,903.11			08-Aug-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000403086 2			464,000.00		461,389.05			02-Aug-2005		5.400%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000403200 2			116,000.00		115,738.53			02-Aug-2005		9.990%		CA - 100.00%		Paid Off - 180		01-Mar-2005

1000411445 1			306,000.00		304,206.46			01-Aug-2005		5.750%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000413447 2			168,000.00		168,000.00			29-Jul-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000413526 1			42,000.00		41,918.11			29-Jul-2005		10.670%		CA - 100.00%		Paid Off - 180		01-Mar-2005

1000414279 1			197,600.00		196,697.08			03-Aug-2005		6.500%		IL - 80.00%		Paid Off - 360		01-Mar-2005

1000418532 1			122,500.00		122,254.52			10-Aug-2005		10.500%		CA - 70.00%		Paid Off - 360		01-Mar-2005

1000418565 1			54,000.00		53,827.18			29-Jul-2005		8.300%		MO - 90.00%		Paid Off - 360		01-Mar-2005

1000423943 2			153,900.00		153,553.12			12-Aug-2005		9.990%		CA - 90.00%		Paid Off - 180		01-Mar-2005

1000424191 1			193,600.00		192,855.04			01-Aug-2005		7.380%		NV - 80.00%		Paid Off - 360		01-Mar-2005

1000424203 2			48,400.00		48,282.77			01-Aug-2005		9.650%		NV - 100.00%		Paid Off - 180		01-Mar-2005

1000424764 1			243,950.00		243,065.61			27-Jul-2005		7.680%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000425417 1			273,481.00		272,411.91			30-Jul-2005		7.300%		CA - 76.77%		Paid Off - 360		01-Mar-2005

1000428476 2			153,600.00		153,555.20			22-Jul-2005		7.000%		AZ - 80.00%		Paid Off - 360		01-Mar-2005

1000428487 2			38,400.00		38,320.48			22-Jul-2005		10.390%		AZ - 100.00%		Paid Off - 180		01-Mar-2005

1000432998 2			486,400.00		486,256.58			08-Aug-2005		6.995%		CA - 80.00%		Paid Off - 360		01-Mar-2005

1000433113 2			60,800.00		60,614.16			08-Aug-2005		9.250%		CA - 90.00%		Paid Off - 180		01-Mar-2005

1000444069 2			412,250.00		412,250.00			11-Aug-2005		7.750%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000444418 1			160,000.00		159,503.39			04-Aug-2005		8.450%		MN - 56.34%		Paid Off - 360		01-Mar-2005

1000448108 1			240,000.00		238,955.11			27-Jul-2005		6.750%		CA - 72.73%		Paid Off - 360		01-Mar-2005

1000451528 1			182,000.00		181,083.21			03-Aug-2005		5.990%		CA - 56.88%		Paid Off - 360		01-Mar-2005

1000462081 2			416,500.00		414,541.18			19-Jul-2005		6.350%		CA - 85.00%		Paid Off - 360		01-Mar-2005



Page 23 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000462812 2			281,500.00		281,500.00			12-Aug-2005		7.990%		CA - 78.19%		Paid Off - 360		01-Mar-2005


9500606968 2			235,450.00		233,930.27			21-Jul-2005		7.800%		SC - 84.09%		Paid Off - 360		01-Nov-2004

9500621058 2			158,400.00		158,399.50			05-Aug-2005		7.375%		AZ - 90.00%		Paid Off - 360		01-Dec-2004

9500623955 2			207,000.00		205,545.81			11-Aug-2005		6.750%		MD - 73.93%		Paid Off - 360		01-Dec-2004

9500626297 2			148,050.00		147,151.50			29-Jul-2005		7.500%		SC - 90.00%		Paid Off - 360		01-Dec-2004

9500629093 2			212,500.00		211,322.96			21-Jul-2005		7.960%		NV - 85.00%		Paid Off - 360		01-Dec-2004

9500634432 2			135,000.00		134,329.30			01-Aug-2005		8.500%		FL - 72.19%		Paid Off - 360		01-Dec-2004

9500636577 2			133,200.00		132,459.32			10-Aug-2005		7.250%		TN - 90.00%		Paid Off - 360		01-Jan-2005

9500637419 2			494,000.00		493,999.98			01-Aug-2005		7.150%		TN - 73.73%		Paid Off - 360		01-Jan-2005

9500640611 2			125,910.00		125,256.55			28-Jul-2005		7.600%		FL - 90.00%		Paid Off - 360		01-Jan-2005

9500640660 2			62,050.00		61,761.45			04-Aug-2005		8.150%		TX - 85.00%		Paid Off - 360		01-Jan-2005

9500646592 2			166,500.00		165,700.54			27-Jul-2005		7.990%		CO - 90.00%		Paid Off - 360		01-Jan-2005

9500664751 2			157,500.00		156,808.49			05-Aug-2005		7.650%		OH - 90.00%		Paid Off - 360		01-Feb-2005

9500667614 2			148,500.00		147,794.36			25-Jul-2005		7.250%		OH - 90.00%		Paid Off - 360		01-Feb-2005



TOTAL			24,883,959.00		24,752,789.67



Page 24 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




Number of Loans Liquidated										0		1		1
Collateral Principal Realized Loss/(Gain) Amount										0.00		4,207.08		4,207.08
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										0.00		271,290.70		271,290.70

Cumulative




Number of Loans Liquidated										1		1		2
Collateral Realized Loss/(Gain) Amount										7,706.87		4,207.08		11,913.95
Net Liquidation Proceeds										24,562.24		271,290.70		295,852.94










Page 25 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.08%		0.04%
3 Months Avg MDR										0.00%		0.03%		0.01%
12 Months Avg MDR										0.00%		0.01%		0.01%
Avg MDR Since Cut-off										0.00%		0.01%		0.01%


CDR										0.00%		0.95%		0.49%
3 Months Avg CDR										0.00%		0.32%		0.16%
12 Months Avg CDR										0.02%		0.16%		0.09%
Avg CDR Since Cut-off										0.02%		0.16%		0.09%


SDA										0.00%		5.41%		2.83%
3 Months Avg SDA Approximation										0.00%		2.04%		1.07%
12 Months Avg SDA Approximation										0.14%		1.22%		0.71%
Avg SDA Since Cut-off Approximation										0.14%		1.22%		0.71%


Loss Severity Approximation for Current Period										0.00%		1.53%		1.53%
3 Months Avg Loss Severity Approximation										0.00%		0.51%		0.51%
12 Months Avg Loss Severity Approximation										3.98%		0.25%		4.24%
Avg Loss Severity Approximation Since Cut-off										3.98%		0.25%		4.24%












Page 26 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 27 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative

&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)

62723036 1
			8.350%		MI - 85.00%		360		275,497.78				4,207.08		0.00



TOTAL									275,497.78			4,207.08		0.00



Page 28 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

										Group 2		Group 1		Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0

						Does a Trigger Event Exist ? (0=No,1=Yes)								0
						Has Sequential Trigger Event Occured (0=No,1=Yes)								0
						Does a Loss Trigger Event Exists (0=No,1=Yes)								0

						60+ days Delinqueny Balance								32,508,555.90
						Ending Collateral Balance								654,390,059.26
						Delinquency Percentage								4.970000%

						Senior Enhancement Percentage								28.436724%

						Cumulative Loss Percentage								0.0015313551%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 29 of 30
Soundview Home Loan Trust 2005-1

Asset Backed Certificates

2005-1

August 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			I-A1										$0.00		$0.00

			I-A2										$0.00		$0.00

			II-A1										$0.00		$0.00

			II-A2										$0.00		$0.00

			II-A3										$0.00		$0.00

			M-1										$0.00		$0.00

			M-2										$0.00		$0.00

			M-3										$0.00		$0.00

			M-4										$0.00		$0.00

			M-5										$0.00		$0.00

			M-6										$0.00		$0.00

			M-7										$0.00		$0.00

			M-8										$0.00		$0.00

			M-9										$0.00		$0.00

			B-1										$0.00		#######

			B-2										$0.00		$904.27

			B-3										$0.00		$786.32







Page 30 of 30

Soundview Home Loan Trust 2005-1 8-K